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Search Results 0 to 49 of about 185 (some duplicates have been removed)
making closing arguments on an issue that's been front and center throughout the campaign. did an economy in need of a spark find one in october? u.s. employers across nearly all sectors were hiring, for a net gain of 171,000 new jobs. the labor department also revised its august and september figures higher, by 84,000. all told, it signaled slow but steady growth, and it was news that president obama wanted to play up in the campaign's final weekend, especially in one critical state. >> "oh (io), oh (io)" >> brown: the president made three stops in the buckeye state, starting in hilliard, just outside columbus. >> in 2008, we were in the middle of two wars and the worst economic crisis since the great depression. and today, our businesses have created nearly five and a half million new jobs. and this morning, we learned that companies hired more workers in october than at any time in the last eight months. ( applause ) >> brown: and the trend line seemed promising, as well. since july, the economy has added an average of 173,000 jobs per month, up from just 67,000 a month in the spring.
. there are people who want to serve when the economy changes, could impact this? yes. but right now, i feel it is not impacting our recruiting. it does not impact our quality operationally, and hopefully that will continue. >> you have been in the job for a little over a year now. god willing and things go right, you have three more years to go. i know that much of the decade before you took this job, it was not in the middle of the night and waking up and saying, what would i do if i was the chief? you have other things on your mind. what has surprised you the most in coming into this circumstance? >> well, i think, -- i guess i've got to be careful. one of the things i tell everybody what i was the commander in iraq and the commander of the core there, have the freedom to make some pretty significant decisions. that freedom is not quite the same here in washington. that is probably one of the biggest adjustment. i had to realize i did not have complete autonomy. i knew that, but it took me a while to understand that really. the real challenges that we have are that we have this large orga
the economy added 171,000 jobs last month. the unemployment rate ticked up to 7.9%. here's what president obama said about these numbers this morning in ohio. >> today our businesses have created nearly 5.5 million new jobs, and this morning we learned that companies hired more workers in october than at any time in the last eight months. >> i want to talk about the economics and the politics of the report with our chief business correspondent ali velshi and john avalon. they're in ohio talking to the voters. ali, let's start with you since you have an economics, numbers guy here. >> yeah. >> we looked at this, and the economy stated by cnn money, they were twpg 125,000 jobs, so this number was higher at 171,000. so you have figures in august and september, also higher than we thought. what do we say about the overall growth and the health of the economy and the recovery? >> you and i talked about this before. i like the jobs creation or job loss numbers. the establishment survey more than i like the unemployment number. by the way, i feel the same way about it when it's low and when it's
sandy and all, regardless of what happens in the end it will have a big impact on the economy and the administration says, it is improving and we got the latest hint of that, the final jobs report, before the leck and that is, surprising spurt, better than 170,000 jobs, added, plus to the economy and unemployment rate of 7.9%, and back with us is jack welch, who might quibble with the rate, in about the last time and you still don't necessarily buy these numbers? >> neil, look, the real unemployment rate, take the last ten years, prior to 2009 recession, ten-year average of what is called the participation rate, how many people are working, temporarily, full-time, and, you take that number, and you take ten-year average, and you run it now with the workforce. you have an unemployment rate close to 11% and that is what the real unemployment race, people are feeling, out there. now, garbage workers have walked away and that is the real rate and the number, 7.8, that popped in the other day, didn't make any sense. i mean, you had a number that said we had more people added, since
those unemployed and underemployed fell ever so slightly, but holding at 14.6%, the economy is not creating enough new jobs to brighten the employment picture. three years after the recession ended we should be creating at least 250,000 new jobs a month. we are not. the economy remains weak, despite record government spending and an extra 5 1/2 trillion dollars worth of debt. aust austan goolsbee will be joining us, he helped to write the policies,'s no longer with the administration, he hasn't been here for a while, but returning today. here is how it went last time around. >> stuart, my job is not to do spin just bb to be the policy guy. i think this job reports highlights what strengths we've start today develop and highlight the head winds we're facing and need to do more. on the positive side, this is the 9th straight month of private sector job creation. stuart: okay, now, that was two yearsing. will he say the same thing this time around. find out in four minutes and we'll talk with glenn hubbard, mentioned as a possible treasury secretary in a romney administration.
. donate today. >> steve: it will be the last major report card on the economy. the labor department releases monthly unemployment rate. right now it stands at 7.8 percent. economist expect it to go up to 7.9 percent. it is estimated that employers added 125,000 jobs last month and that is up from september and fall short of what is needed to cut the jobless rate. we'll bring that number to you live as it is released from washington. meanwhile new accusations. votes switched from mitt romney to obama. rnc learned of cases in nevadathey are asking the states to recalibrate all of the machines. and have additional technician on hand and use signs to make sure people check their vote. there is no evidence of problems but check your ballot, gretch. >> gretchen: 47 out of 51 times the presidential candidate who won the popular vote has won the electoral. experts believe that mitt romney will win the popular and president obama will take the electoral college and win the white house. can that happen again? what do you think about that, pete? >> i think and firmly believe that mitt romney w
we study. in a free market economy, recessions and recoveries, upswings and down swings are part and parcel of the world we live in. when you look at how budgets are proposed, off of the congressional budget office projection. they are not that realistic. in 2014, 2015, 2016, they are projected real gdp growth of 4.4%. sounds pretty good. how realistic is it? if you take a look at reality, what's happened since the beginning of the century? gdp has grown at 1.7% and we know we are in a pretty sluggish economy. there is a huge disconnect between what's proposed and what's going on outside this window? >> that's the big deal. the claim is, i'm going to go in and cut taxes. don't worry, cutting taxes is going to be stimulative. we are going to end up with way more jobs and there will be fewer taxes from each individual. there will be way more people paying into the tax system. revenue neutral. lakshman is telling us you have a choice over how much you charge people in taxes. they may not produce all the jobs. what he is doing on day one is adding to the deficit. >> could be but let'
the economy around saying the president has failed to meet the challenge fay can the united states. >> the difference between us, he makes promises and he couldn't keep. i'm making promises i have kept and i will keep them for the american people. [ cheers and applause ] >> reporter: president obama meantime, continuing down the path you can't trust governor romney. that he is misleading american people, imploring to give him another four years to get the economy on track. now is not the time to be changing horses. >> after four years of president you know me. you may not agree with every decision i have made. maybe you are frustrated about the pace of change but you know what i believe. you know where i stand. you know i tell the truth and you know i'll fight for you your families every single day. >> reporter: part of what the president said feeds into the narrative that governor romney is creating here. that he is a nice guy and means well but he doesn't put a take to get things done. something that happened yesterday, in springfield, ohio when president obama said thiskr romney
. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america faces. the last time the president met with either the republican leader of the house or the republican leader of the senate to talk about jobs or the economy offer the deficit was in july. this is a budget who -- president who has promise add lot of things whose record is different. rather than building the bridg
than on the day obama took office. he has not met on the economy or the budget or on jobs. with neither of the republican leader of house or senate since july. >> the president and governor romney reacting to the october jobs report. 171,000 jobs. the u-#, the broader, under employment rate if you will is 14.6. that is what it has been. then if you look at the adjusted unemployment rate, this is the unemployment rate is the labor force was equal to what it was in january of 2009. what about this and how it plays to the race? bill kristol of "weekly standard." kirsten powers for daily beast. and syndicated columnist charles krauthammer. charles? >> these are the numbers you get when you have a stagnant economy. stagnant unemployment. if you keep up with the numbers of jobs added, barely enough to keep up with the increase in population. unemployment takes up. people's perception of the economy have been fixed. unchanged for at least six months. so i think it has zero effect on the economy. on the election, i mean. in terms of the people who vote on the economy. so i think it's probably a
and was importance to the city's economy added $370 million for runners and race fans. but proceeding to new york city boroughs sunday when many of them have been declared disaster areas, homes destroyed, boardwalks missing, residents without food, power or water was a repulsive idea to some. >> no one else has been here. i have not heard from fema, the coast guard, no one. it is startling. >> very angry and fed up. what are we, is this america? i don't know. i don't know. i don't like it. we are going downhill. >> i came here four or five years ago, expected we came here for a better life, opportunity, and this is what we come from. this is ridiculous. not how its supposed to be. gerri: it wasn't just residents. take a look at the front page of "the new york post." an abuse of power, there were two generators being used for the marathon to power the media tent. a third backup generator that wasn't being used. for more on this, joined by adam shapiro in staten island where he has been reporting all day long, and editor-in-chief of runner's world which follows all of this. i will start with you, w
's needed to run their businesses, something we talked a lot about. the economy has seen more focus on the consumer rebound than on a business rebound. one wonders when and if business were to get in the game those numbers would even be better. >> that could all change in five days with the election next tuesday. long-term unemployed, 14,600. marginal relief on that front. in terms of the long-term unemployment out of work for a year or more 3.57 million. a year ago 4.boy 1 million. so even those people who have been out of work for a very long time starting to get some nibbles. at least that's what it appears. more reaction to the numbers from dean mackey joining us from barclay's. good morning to you. >> good morning. >> any hair on the numbers, so to speak, as far as you can tell? >> i think this was a followed report when you look at the broad categories of job growth, when you look at the participation rate rise. the only underlying softness was in ourly earnings, but that really doesn't change the sfoer of where we've been. boug bottom line, the labor market has picked up some
it's going to have a big impact on the economy and the economy is improving, the administration says, in the final reports before the election, a surprising better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it now, work for us, you would have an unemployment rate close to 11% and that's what the real unemployment rate that people are feeling out there, not discouraged workers walked away all that stuff, but that's the real rate. now, this number of 7.8, that popped in the other day just didn't make any sense, i mean, you had a number that suddenly had more people added since ronald reagan's biggest month in june of '83 in september. that didn't-- >> so,
struggling economy? fare thee well ♪ farewell ♪ mr. gloom be on your way ♪ ♪ though you haven't any money you can still be bright and sunny ♪ ♪ sing polly wolly doodle all the day ♪ ♪ hah >> continuing coverage of super storm sandy. entire towns along the new jersey coast buried in sand because of the beaches. today some are under water. board walks and marinas are ripped apart in this storm. robert moses joins us now live in point pleasant new jersey. good morning, robert. >> good morning to you. we are sitting in an intersection in pleasant point beach new jersey. there are no lights on. you can see the traffic lights here are still out. the thing that really captures your attention these huge amounts of sand. if we walk over here through the intersection again if you for give me on the other side there's another huge mound back here that is about double my height. huge front-end loaders deposited on the streets here and have pretty much pushed the sand to the side of the street. you can see how the sand has been left in the tracks along the streets here in point pleasant beach,
. we were losing like 800,000 jobs a month. and now we are coming back. i just think the economy is getting a lot better now under a democratic administration. host: i appreciate the call from kentucky this morning. i want to point out another facebook post. this from justin from the upstate new york area. he writes -- at least i am not bombarded with a negative campaign ads while i am watching jeopardy. let us go to rwanda from oklahoma on our line for republicans, how is the campaign playing out in a solidly red state of oklahoma? caller: yes, we are the reddest of the red states. everyone of our counties has gone to mitt romney, and i think we will do it again. what i am calling to about is something that you will never hear from mitt romney, that he does not talk about, that he does not solicit people to speak about, and that is about his incredible generosity. we have heard on television the people coming forward and speaking about the times that he has, without any publicity, that he has contributed to their welfare and so many different ways. he has set of hospital beds an
. the economy creates more jobs, but not enough. anthony mason on the final economic report before the election. >> we're four days away from a fresh start. h we made real progress these past four years. >> reporter: a campaign 2012 report from bob schieffer. and "on the road." steve hartman with children of the storm. silver linings in a dark week. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. this is the "cbs evening news" with scott pel >> pelley: good evening. 110. that's the new death toll from hurricane sandy, and it's not likely to stop there. bodies are being found today in homes as rescue workers reach into the hardest-hit areas. the pictures that struck us today were of just one family in staten island, new york. 14-year-old kate at her grandparent's house. her mother, julie, trying to pull something recognizable from the rubble. and sheila and dominick trayna holding on to their memories and contemplating the future. the insurance industry estimates economic losses from the storm at $50 billion. second only to hurricane katrina. more than three millio
are needed each month to turn the economy around. so that is the big number we have. that's where we start. good morning. i'm bill hemmer. welcome here. morning, martha. martha: good morning bill. what a week. it is friday. welcome everybody, i'm martha maccallum. this jobs report today could be the freshest things people have in their mind in terms of a economic number when they head to the polls in a few days. this short shows it has been a very slow, sluggish recovery. the government reports real unemployment, this is the number we want to focus on, 14.6%. we say that for a good reason. that includes people that are underemployed, even people only worked one day, get counted in the underemployed, part time emed employed. some just have given up. bill: stuart varney, anchor fox business network. good morning to you. start with the more significant number you find there. what is that, stuart? >> that is the real unemployment rate. that gives the true picture of the employment situation in america today. the that real unemployment rate is 14.6%. that is a dismal picture of the employment p
as coming in with the latest report. so it does suggest this economy is gaining steam and that has lifted the president just a few points but that makes all the difference in this cycle. >> perry, your latest article is titled i want to be able to say this on tv, it's the obama care, stupid. why election 2012 is about health care, not the economy. but explain to me what you mean. >> what i mean is we've talked a lot about the economy. bill clinton has, president obama has, mitt romney has in reality the president has very limited control over how the economy works and whether jobs are created or not. this is something out of the president's control. mitt romney says he'll create 12 million jobs. but a lot of analysts say 12 million jobs are created whether it's mitt romney, president obama or alex witt as the president. not clear the president has that much power over the economy. on health care the president has a lot of power in terms of what he can do. mitt romney wants to repeal health care which will be a big change. president obama wants to implement the health care bill which reall
a while. perhaps even a decade. one said it shows progress in a strengthening economy, but it levels well short needed to stick complaint reduce the unemployment rate. >> good, solid growth is at least a quarter million jobs a month and even at that rate we are talking about five or six years. if you want to get back in the next presidential term in four years, you need something like 325,000 jobs a month. that's much stronger than we are getting right now. >> one obstacle preventing people from hiring is they don't know what their tax rates will be in january or how much the government will spend. all the expiring policies known as the fiscal cliff, rich. >> wall street didn't like something today. >> it was better than expected. first the stocks went higher and then they went south. they blame the costs of hurricane sandy and the dow drops 140, the s&p 13 and phase back 38. >>. >> the president and gov. romney that different reaction to the jobs numbers. we will check in with each campaign as it battles for one of the biggest swing states on the map with now four days to go. from the jo
and big ideas and the romney campaign is it thinking that the electorate is right focused on the economy. and that all of this is it about the pocket book and all of it is what poem feel about the economy and how they look about the next four years and about the next, how, how the next four years will go and working with the other party. if you listen to governor romney he talks about bipartisanship and working with democrats and that is coming across in the final 24 hours. >> stow much criticism for the current president for not doing that. and not enough reaching across the aisle. and you would think that the next person who would take office would do a better job and do it differently. talking about focusing on the economy. karl rove said today in an article or interview with washington post. he feels super storm hurricane sandy may have taken them off message. >> karl doesn't say that unless the numbers prove it out. karl is a numbers guy. he's looking at numbers some place that have stalled for the romney campaign. >> do we know which he's look at. >> he made a bold prediction for t
a lot of self-employed people the in the economy. 171,000 implies job growth of about 200,000, and that's about 1.5 times what we need to keep up with population growth. you couple that with reasonable productivity growth and you're starting to get an economy growing at a normal pace. one of two things will happen. either this jobs growth will slow down next year, or you see the kind of growth we need to get flying speed and feeling comfortable. >> s.e., if you're looking for things to feel less good about in this report, you can find them. i don't think it's so much the jobs count. the fact average weekly hours haven't grown over the past month. you can look at that as something that -- >> there's plenty, jared. there's plenty. i'm simply saying that feeling great about these numbers is a symptom of diminished expectations. >> it's a fair point. i wouldn't say i feel great. i would say we're moving in the right direction a little bit quicker than a few months ago. that's good. >> jared, let me ask you about a point you made earlier. you mentioned that the unemployment rate ticked up to
over the last undecideds. governor romney promising to turn this economy around, president obama arguing it would have been worse if republicans would have been in charge over the past four years. with the final sprint on today we get the last pre election look at the unemployment situation in this country, the jobless rate ticking up last month to 7.9%, up from 7.8. some 12.3 million people unemployed. the number is higher when you add in the under employed, folks who want to be doing more than part time work, but are not, that number would jump to 23 million u.n. or under employed. both candidates hit the trail earlier and had this to say about the numbers. >> this morning we learned that companies hired more workers in october than at any time in the last eight months. [cheers and applause] >> he said he was going to lower the unemployment rate down to 5.2% right now. today we learned that it's actually 7.9%, and that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. megyn: chris stirewalt the fox news digital politic
to the economy. that makes it the second most expensive storm in history after hurricane katrina. >> nearly half of new york city's deaths happened on staten island. secretary of state janet napolitano will be there today. anna werner is there. >> reporter: good morning. homes are destroyed. the storm threw cars like toys. that's what it looks like all down this street yet many residents say they believe they've been ignored. some residents of staten island have started calling it the forgotten borough. across storm-ravaged staten island, frustrations are mounting. >> we could have died! we couldn't breathe! we've got 90-year-old people. >> reporter: residents are outraged, claiming their community has been ignored in the days following sandy while aid pours into other parts of new york and new jersey. >> a lot of people are here. a lot of people are hurting. so, it's upsetting. >> reporter: power is out. hundreds of homes have been destroyed and dozens of streets are impassable. still, the city is planning to go ahead with its annual marathon, which kicks off on staten island's verrazano bridge
:30 eastern time. and we'll be slicing and dicing the jobs report and the economy with our guest host, mark zandi. also at 8:00, the former chairman of the council of economic advisers austan goolsbee will join us for the report. and then we'll get reaction from the romney campaign with ron hubbard. that's at 8:40 eastern time. obviously a lot on our plates today. andrew, i'll send it over to you. >> the coast guard opening the port of new york new jersey on a restricted basis today allowing the backlog of barges containing gasoline and fuel into the area for the first time. how soon, however, will we see relief in the area impacted by sandy? that's the big question this morning. joe knows this very well, on my way in today, i had to take a taxicab for $125 because jeeves was this line to get gas, he was out of gas. >> i tried to take a car, my guy who i call -- he is not, but he nights as well be a former -- he has never failed. on on tuesday he came. and there have been snowstorms in the past where we've gone off the road, around, jack moved tractor trailers to get here's couldn't get gas
to deal with the economy. jenna. jenna: keep an eye what is happening in florida and rest of breaking news in politics and otherwise. carl, thank you. jon: the weather has affected election and campaigning plans and hundreds of miles from the eye of the storm, sandy's violent outer bands prompted weather warnings. they kicked up massive waves. this is the no the ocean. these are the great lakes. how much damage did the storm do there? we'll speak to the commander of michigan's emergency management office coming up. >>> startling new numbers out of europe. what the unemployment rate says about the recovery there, and the chances europe could be headed toward another recession. [shouting] many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula sing bacteria and helps dissolve stains, cleaning in a better way than brush
, because month to month jobs reports, it is a important milestone by which we can gauge whether the economy is improving. and then, you know, judge the president, what the president is doing. i want you to take a look back to the worst of this recession, guys. this is october of 2009. look at this, the unemployment rate was above 10%. and in this month, 7.9%. you've been traveling to the swing states as i have, what are you hearing, are people feeling better off? today's numbers help any of the candidates? >> well, i tell you, don, we have been on the battleground bus state tour from florida to ohio. people understand the economy is improving. but the real debate is whether it is fast enough and whether mitt romney could have done a better job. in toledo, ohio, today, one of the battle ground counties of ohio, the must win buckeye state, i spoke to mayor bell, he put it out that january 2009, unemployment here was 12.6% in this county. today it is around 7.5, lower than the national average. that is a measurable improvement. that doesn't mean the economy is going on all cylinders right now.
Search Results 0 to 49 of about 185 (some duplicates have been removed)